2024-05-09 Bahamian Dollar News
2024-05-08
Summary of Yesterday
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
Understanding the overall trend of the exchange rates
By reviewing the timestamped exchange rate data, a general trend beyond short-term fluctuations becomes visible. The exchange rate began at 1.37261 at the start of the period and ended at 1.37175, marking a slight downward trend. This trend, however, is not steady and is subject to fluctuations, with the rates peaking several times.
Identifying any seasonality or recurring patterns in the changes of exchange rates
Upon close analysis, the exchange rate seems to showcase slight intra-day patterns but doesn't display a strong seasonality effect. There are repeated spikes and troughs, which do not seem to correspond to any specific duration within a day, suggesting random fluctuations as opposed to structured, repeated patterns. Therefore, it would be challenging to forecast the exchange rate change based solely on the time of day.
Noting any outliers, or instances where the exchange rate differs significantly from what would be expected based on the trend or seasonality
The data showcases several notable spikes, which could be seen as outliers against the visible trend. For instance, a significant spike is observed around 06:25 where the rate jumps to 1.37505, deviating from the general trend. Similarly, subsequent downward and upward movements occur that deviate from the overall trend and can be classified as outliers. These outliers suggest influences from sporadic events that create sudden and significant changes in the exchange rate.